ING, through ReliaStar Life Insurance Co. of New York, has introduced ING Return of Premium Term NY, a policy that gives individuals death benefit protection and the ability to get their premiums back at the end of the term. Policyholders get level premiums over the life of the 15-, 20- or 30-year term of the contract. Two ROP options offer different ROP schedules for contract holders who surrender policies before the end of the term.

Other features of the policy include: Conversion to a cash-value policy up to age 80 with no evidence of insurability; no policy fee; a loan feature; six underwriting classes; and reduced paid-up benefits.

ING says ROP policies like this can be used for college financing, mortgage funding, business planning and much more.

For more information, visit www.ing.com.